Madhya Pradesh Power Management Company Limited (MPPMCL) has floated bids for 500 MW energy storage project. This project, featuring a discharge duration of 6 hours and a maximum continuous discharge period of 4 hours, aims to utilise the potential of pumped hydro storage plants (PHSPs) over a period of 40 years. The project will be developed on the basis of build, own, operate, and maintain model. The bid submission deadline is November 6, 2023.
According to the tender guidelines, the bidders are required to submit an earnest money deposit of Rs 500,000 per MW. Within 21 days of receiving the letter of award, the developers are required to furnish Rs 1.2 million per MW as a performance bank guarantee. Additionally, the bidders can propose a capacity of up to 500 MW and are allowed to submit bids for PHSPs situated anywhere in India. The developer will be accountable for arranging inter-state transmission system connectivity, long-term access, and general network access at their own expense.
Furthermore, the procurer will establish a pumped hydro storage power procurement agreement with the developer for the agreed capacities at the delivery point upon selection. The procurer will supply the charging input energy to the developer at no expense. Moreover, any charges arising from deviations during charging and discharging will be the responsibility of the developer in line with relevant regulations. Additionally, the project must be commissioned within 72 months of the PPA being signed.
In January 2023, Madhya Pradesh Urja Vikas Nigam floated bids for approximately 1,110 MW of grid-connected solar projects under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan scheme.